The rising popularity of the UK"s wrap market

fund platforms

Wrap investing is becoming more popular in the UK and has been common in Australia and the US for years. How much space is there for UK providers to make inroads into this burgeoning market?

Wrap investing is becoming more popular all the time and, with the likes of Abbey entering the market, advisers need to know what is on offer. Enabling customers and their advisers to bundle all their financial products under one wrapper, wrap accounts have the potential to revolutionise the way people manage their finances. The concept is already common in Australia, where according to the portal wrap-accounts.com, 65% of new funds are going into wraps and by 2007 it expects half of all investments to be held in this way. The notion has also been popular in the US where wrap accounts have...